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City audit: ABDO gives Hibbing an unmodified opinion; one common finding on financial statement preparation
Summary
ABDO presented the finalized 2024 audit for Hibbing, reporting an unmodified opinion with no internal control or compliance deficiencies noted and one common finding: financial statements prepared by an external party.
Bonnie Schwager, an audit partner with ABDO, told the Hibbing City Council on July 2 that the firm issued an unmodified opinion on the city's 2024 financial statements after completing fieldwork and state reporting.
"We were able to obtain all of our audit evidence," Schwager said, summarizing the independent auditor's report and noting that the audit was "very clean." She told councilors ABDO did not identify control…
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